Varroc Engineering Limited, a global tier-1 automotive supplier, has announced a significant addition to its leadership team. Avinash Chintawar has been appointed as the Chief Operating Officer (COO) for Business I, effective October 15, 2025. This strategic move aims to enhance the company's operational efficiency and align with its long-term vision.

Key Appointment Details

Role and Responsibilities

Chintawar will oversee the Operations Vertical within Business I, with a focus on:

• Strengthening operational efficiencies
• Enhancing overall performance
• Ensuring alignment with Varroc's long-term strategic vision

Professional Background

Avinash Chintawar brings over four decades of experience in the automotive and manufacturing sectors. His impressive career history includes:

Educational Qualifications

Management Comments

Arjun Jain, Whole Time Director & CEO of Business I at Varroc, expressed confidence in the appointment, stating, "We are delighted to welcome Avinash to the Varroc leadership team. His extensive experience and deep understanding of achieving operational excellence align perfectly with our needs as we drive the next phase of our growth."

Chintawar himself commented on his new role, saying, "I am excited to join Varroc at a time when the industry is undergoing such dynamic change. I look forward to working closely with the team to enhance operational excellence and contribute to its vision of sustainable and future-ready growth."

Company Overview

Varroc Engineering Ltd, incorporated in 1988, is a global tier-1 automotive component group. The company specializes in:

• E-mobility solutions
• Body systems solutions
• Lighting solutions
• HMI solutions
• ICE powertrain
• Advanced electronics

Varroc serves leading OEMs worldwide, offering end-to-end capabilities across design, development, and manufacturing for various vehicle types. In the fiscal year 2025, the group reported an income of ₹81,718.00 million from continued operations.

This strategic appointment underscores Varroc's commitment to operational excellence and sustainable growth in the evolving global automotive landscape. As the industry faces dynamic changes, Chintawar's extensive experience and leadership are expected to play a crucial role in driving Varroc's future success.

Varroc Engineering Limited, a leading global automotive component manufacturer, has announced the deregistration of its step-down subsidiary, Varroc Lighting Systems Bulgaria EOOD. The Bulgarian entity, which was incorporated under the laws of the Republic of Bulgaria and registered with the Bulgarian Commercial Registrar, has ceased to exist as a legal entity effective October 2, 2025.

Key Details of the Deregistration

• Subsidiary Name: Varroc Lighting Systems Bulgaria EOOD
• Effective Date: October 2, 2025
• Financial Impact: The subsidiary had nil turnover, revenue, income, and net worth for the Financial Year 2024-25

Corporate Disclosure

Varroc Engineering Limited has duly informed the National Stock Exchange of India (NSE) and BSE Limited about this development, in compliance with Regulation 30 and other applicable regulations of the SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015.

Company Background

Varroc Engineering Limited, headquartered in Aurangabad, Maharashtra, is a global tier-1 automotive component group. The company designs, manufactures, and supplies exterior lighting systems, plastic and polymer components, electricals-electronics components, and precision metallic components to passenger car, commercial vehicle, two-wheeler, three-wheeler, and off-highway vehicle OEMs directly worldwide.

Financial Information

As of September 30, 2025, Varroc Engineering Limited had outstanding Non-Convertible Debentures (NCDs) worth Rs. 187.50 crore, issued at a coupon rate of 8.60% per annum, maturing on September 7, 2028.

The company has paid interest of Rs. 4,40,30,821.92 and principal of Rs. 15,62,50,000 on its NCDs ahead of the due date in September 2025.

This strategic move to deregister the Bulgarian subsidiary with nil financial impact, coupled with the company's prompt fulfillment of its debt obligations, demonstrates Varroc Engineering's commitment to streamlining its operations while maintaining financial prudence in the automotive components sector.